Expedia CEO Dara Khosrowshahi to lead Uber

DETROIT (AP) -- Expedia CEO Dara Khosrowshahi has been named
Uber's top executive, taking the difficult job of mending the dysfunctional
ride-hailing giant and turning it from money-losing behemoth to a profitable
company.

Uber's fractured eight-member board voted to hire
Khosrowshahi late Sunday, capping three days of meetings and the withdrawal of
once-top candidate Jeffery Immelt, former CEO and still chairman of General
Electric, two people briefed on the decision said. They didn't want to be
identified because the decision had not been officially announced as of Sunday
night.

Khosrowshahi has been CEO of Expedia since August of 2015.
The online booking company is one of the largest travel agencies in the world.

He will replace ousted CEO Travis Kalanick and faces the
difficult task of changing Uber's culture that has included sexual harassment
and allegations of deceit and corporate espionage.Uber also is losing millions
every quarter as it continues to expand and invest in self-driving cars.

The company currently is being run by a 14-person group of
managers and is without multiple top executive positions that will be filled by
Khosrowshahi.

Khosrowshahi has served as a member of Expedia's board since
it was spun off from IAC/InterActiveCorp. two years ago. An engineer who
trained at Brown University, Khosrowshahi helped to expand IAC's travel brands
which were combined into Expedia, the company's website says. He also serves on
the boards of Fanatics Inc. and The New York Times Co.

He immediately will face troubles on many fronts, including
having to deal with multiple board factions that had once pushed Immelt and
Hewlett Packard Enterprise CEO Meg Whitman. Several factions of the board are
suing each other.

Whitman, an investor in Uber, denied multiple times publicly
that she was interested in the job. Although she spoke to some board members
remotely Friday night, they could not guarantee an end to their infighting or
that Kalanick would not become board chairman, said another person with
knowledge of the board discussions. That person also didn't want to be
identified because board discussions are supposed to be private.

Khosrowshahi also must bring together a messy culture that
an outside law firm found was rampant with sexual harassment and bullying of
employees. He also must deal with driver discontent, although Uber already has
started to fix that by allowing riders to tip drivers through its app.